Brokers set expectations for fourth quarter 2022 results from Global Indemnity Group, LLC (NASDAQ:GBLI)

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Global Indemnity Group, LLC (NASDAQ: GBLIGet a rating) – Zacks Small Cap analysts raised their fourth-quarter 2022 EPS estimates for Global Indemnity Group in a research note released Thursday, November 10. Zacks Small Cap analyst T. Kerr now expects the insurance provider to post earnings per share of $0.60 for the quarter, up from its previous estimate of 0.50. $. The consensus estimate for Global Indemnity Group’s current annual earnings is $0.08 per share. Zacks Small Cap also released estimates for Global Indemnity Group Q1 2023 earnings at $0.67 EPS, Q2 2023 earnings at $0.72 EPS, Q3 2023 earnings at $0.81 EPS and Q4 2023 earnings at $0.83 EPS.

Separately, StockNews.com began covering the Global Indemnity Group in a research note on Sunday. They have set a “holding” rating on the stock.

Global Compensation Group Price Performance

Shares of GBLI opened at $24.60 on Monday. Global Indemnity Group has a one-year minimum of $20.52 and a one-year maximum of $27.66. The company has a market capitalization of $357.34 million, a PE ratio of 17.08 and a beta of 0.35. The stock has a 50-day moving average of $22.91 and a 200-day moving average of $24.94.

Hedge funds weigh on Global Indemnity Group

Institutional investors have recently changed their stake in the company. First Republic Investment Management Inc. bought a new position in shares of Global Indemnity Group in the second quarter valued at approximately $259,000. Cullen Frost Bankers Inc. increased its stake in Global Indemnity Group by 22.2% during the first quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider valued at $287,000 after purchasing an additional 2,000 shares during the period. RBF Capital LLC bought a new position in Global Indemnity Group during the first quarter worth $533,000. Renaissance Technologies LLC increased its stake in Global Indemnity Group by 7.1% during the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider valued at $2,195,000 after purchasing an additional 5,600 shares during the period. Finally, Berkley WR Corp bought a new position in Global Indemnity Group during the first quarter worth $15,427,000. 49.28% of the shares are held by institutional investors.

Insider buying and selling

In related news, the director Joseph W. Brown acquired 10,000 shares in a transaction dated Thursday, August 18. The shares were purchased at an average cost of $25.85 per share, with a total value of $258,500.00. Following the completion of the purchase, the administrator now directly owns 139,979 shares of the company, valued at approximately $3,618,457.15. The purchase was disclosed in an SEC filing, which is available via this hyperlink. In related news, manager Joseph W. Brown acquired 10,000 shares in a trade dated Thursday, August 18. The shares were purchased at an average cost of $25.85 per share, with a total value of $258,500.00. Following the completion of the purchase, the administrator now directly owns 139,979 shares of the company, valued at approximately $3,618,457.15. The purchase was disclosed in an SEC filing, which is available via this hyperlink. Additionally, COO Reiner Ralf Mauer acquired 3,500 shares in a trade dated Tuesday, August 16. The stock was purchased at an average cost of $25.33 per share, with a total value of $88,655.00. After the purchase was completed, the COO now owns 3,500 shares of the company, valued at $88,655. Disclosure of this purchase can be found here. 44.20% of the shares are held by insiders of the company.

Global Indemnity Group announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 11. Investors of record on Tuesday, October 4 received a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a yield of 4.07%. The ex-dividend date was Monday, October 3. Global Indemnity Group’s dividend payout ratio (DPR) is currently 69.44%.

Global Indemnity Group Company Profile

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Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, ranch and stable; and the reinsurance operations segments. The Commercial Specialty segment distributes property and casualty, general liability, accident and professional insurance products.

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Earnings history and estimates for Global Indemnity Group (NASDAQ:GBLI)

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